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Search Results 0 to 44 of about 45 (some duplicates have been removed)
to bring him up to the bigs. 6:13 69 degrees. >>> breaking the bank. how much a royal wedding is costing taxpayers. >> several american tourists a [ mr. cl per ] i don't talk to them as much as cindy does... good morning chickens! [ jim ] you know, that's our business so we want to be the experts in chicken. we're not the status quo. perdue is the first and the only chicken company to have usda-process-verified programs for fresh all-natural chickens. [ jim ] this is an all-vegetarian diet no animal by-products, no animal fat. [ joe ] we never have used steroids or hormones of any type. it's not gonna happen. [ joe ] and always raised cage free. we set our goals higher than anyone. we're trying to make a better chicken. [ jim ] my dad did my grandfather did and it's what we do today. >>> our top stories. police are investigating an overnight car crash that damaged an aspen hill home. investigators say a woman lost control of her car at absent up -- aspen hill road and park land drive. the car slammed into the home. one person was injured. the woman was taken into custody. >
. >>> complete bay area news coverage starts right now. this is the 10:00 news. >> the big fireworks show in san francisco ended with a bang just minutes ago and this year the fog cooperated. good evening. i'm heather holmes. >> tens of thousands of people enjoyed a great 4th of july fireworks show under clear skies in san francisco as the fog stayed away from the waterfront. john live with where the show just wrapped up. >> reporter: the fireworks here wrapped up just about ten minutes ago but take a look up in the night sky right now. he with can show you parts of the show that wowed this huge crowd. . >>> it was the rockets red glare and bombs bursting in air. >> everybody is looking for a spark in life and the fireworks just does it for you every time you look at them you see freedom and sparks that you want in life. >> reporter: for hundreds of thousands of people who came to san francisco's waterfront this was a big party. with a rotten economy it's a tough time in the history of the nation. >> it's sadder for me because i'm older and i it's going to be difficult f
time. sonja "black widow" thomas won with 40 dogs. i'm a big hot dog lover and can't imagine that. how many do you think you could eat? if you're hungry and like them. they're not the biggest. >> personally, i have had three. >> i can do better than three. >> really? >> i was thinking six or seven. >>> coming up, a grizzly discovery in an indiana creek. police waiting to see if it sheds light on the disappearance of a college coed. >>> also, a civil war reenactors in a battle with mother nature. why they got the shock of their life. >>> wowing the crowds in canada, what the royal couple is up to today. chronologically i'm sixty years old. is it the new forty, i don't know. i probably feel about thirty. how is it that we don't act our age? [ marcie ] you keep us young. [ kurt ] we were having too much fun we weren't thinking about a will at that time. we have responsibilities to the kids and ourselves. we're the vargos and we created our wills on legalzoom. finally. [ laughter ] [ shapiro ] we created legalzoom to help you take care of the ones you love. go to legalzoom.com today and co
aspen hills family got a big surprise when an suv crashed into their home. jessica. >> reporter: now we wait as the casey anthony jury goes back to work this morning i am jessica stone outside the courthouse in orlando. >> today prince georges county council meeting to talk about the future for leslie johnson. we will take a closer look as fox 5 morning news continues now. >>> taking a lookout side a look at traffic on the belt way border between maryland and virginia, it is july 5th, 2011 good morning thanks for being with us this tuesday morning. >>> i am steve. >> i am alison seymour. it is 7:00 a.m. the latest on the weather from tucker barnes. >> good morning. yeah, we have improving conditions after some unwanted rain moved through parts of the region last night. nice looking forecast, typical summer time weather. left over showers bringing light sprinkles and light showers to the low eastern shore. here in washington we are done with it, see off to the north and west, clear skies let me mention though that parts of the area, particularly north and west, as temperatures cool, expe
of floating short-term or mini deal on the debt ceiling, although it wouldn'n't be perfect. >> the big problems wouldn't go away. it just delays the moment of truth. i say better now than then but if we can't, we'll take the savings we get now and relitigate this as we get closer to the election. >> the white house toughened the language in recent days, criticizing congress and specifically republicans. speaking to the national education association on sunday, vice president biden sounded campaign mode using class war fair argument against the republican -- war warfare argument against the republicans. >> they believe 1% of the wage earners controlling 1% of the wealth is a vehicle to spur economic growth. because those with the wealth know the most that will know best to do with that wealth. >> some republicans have punched back by being critical of the process the white house chose to address the problem including negotiations led by the vice president. we have been waiting on secret talks to somehow settle our problem. but congress is the constitutional place for this to be decided.
in the rear-view mirror and here's this big tree that had fallen down behind him. >> reporter: in so many cases, seconds or even feet made all the difference. the winds are estimated between 60 and 70 miles per hour during that storm in arlington, and what's made it difficult for the power crews is that they had 14 utility poles that had to be repaired or replaced. in addition, they are working in 70 different locations to try and restore power. while it's been difficult for the people here to be without electricity, a lot of them say, look, when you see the tornado damage in a place like joplin, missouri, this is nothing. in arlington, sherri ly, fox 5 news. >>> we're following a developing story in montgomery county, maryland tonight. police are investigating a near drowning in german town. a man was playing with a remote controlled boat in gunner's lake around 7:00 p.m. the boat stalled and the man went into the water to get the boat but couldn't make it back to shore and went under. he's in the hospital in serious condition. >>> the fate of casey anthony is now in the hands of the jur
and tracking our temperatures today. >> big improvements over yesterday. temperatures 5-15 degrees cooler than what we experienced on sunday. live look of the bay. haze out there thanks to a sea breeze. humidity is up, that's also good news when we are talking about fire danger. some of the highs so far. 90 degrees in santa rosa. 94 concord. 96 livermore and 99 in antioch. the final round up will come in the next half hour. still quite hot out there. we are going to get hotter come to see. we will look that highs tomorrow and talking about the sea breeze, we got fog and low clouds long the coast line, whether or not that will impact fireworks tonight. >>> the coast guard is planning extra patrols today. they had a helicopter over san francisco bay this afternoon. in addition for looking for anyone in trouble they were looking for people who operate boats under the influence of alcohol or drugs. >>> on the roads the chp is reporting an increase in dui arrests and highway deaths in california. between friday night and this morning 1,358 people have been arrested statewide, compare that to 1,329
are loop hoeholing loopholings. >> shouldn't they hold firm, democrats, on this. >> this is a big step forward for john cornyn, one of the big leaders in the -- a leader in the republican senate campaign committee to suggest they're open to the idea if not in the intermediate term closing loopholes is an important first step. it suggests that you can win some of your concessions you want here. if you're going to take drastic steps to reform medicare and medicaid and social security, which i agree we should, you should also hold firm to say that some are going to have their taxes changed. if the middle class and the people below the middle class are going to make sacrifices, and all americans should. people on the upper oechend sho as well. hopefully they'll agree to a corporate tax cut and hopefully doing something incentivize businesses hiring going forward. >> we got some great segment ms ahead. and must reads. the tax issue hurts it economy to deal with this a little bit and get what the democrats want on this. i don't think it does. >> i want patrick to explain this. he never quite
for nasa and the united states. sometimes it takes the big think from above and we will see if this government weighs in too. >> interesting fact. the president who signed off on the idea of the shuttle. >> who? >> who saw the model? president nixon. a long time ago. >> almost. >> >>> that does it for us. for now, kyra phillips takes over with "cnn newsroom." >> good morning. it's 9:00 a.m. on the east coast and 6:00 a.m. on the west coast. i'm kyra phillips. >>> a tough wait for casey anthony and everyone invested in her murder trial. she is accused of killing her 2-year-old daughter caylee. the jury beginning second day of deliberations. >>> former imf chief dominique strauss-kahn facing a you new complaint. a writer says he tried to rape her eight years ago. her lawyer is following the charge with prosecutors. >>> senate back in session after the holiday weekend. top of the agenda? the jet ceiling deadlock. the treasury due to run out of money in less than a month. >>> we begin this morning, it's been more than 30 hours in shark-infested water. coast guard crews and mexic
election and we don't know who the republican candidate will be but already we have one big group that is throwing its support behind president obama. jim acosta is on that for us out of washington this morning. hey, jim. >> reporter: good morning, kyra. this is not a big surprise. we went a lot of time talking about the republican race for 2012. on the democratic side the president picked up an important endorsement yesterday from the national education association. this is the teachers union as everybody knows. and the vice president gave a pretty important speech yesterday to this union and so, today, the teachers union is throwing its support behind the president. not unexpected, as i mentioned. we got a quote from the president of the nea, dennis van roekel. what is somewhat surprising about all of this is that the nea would come out with this endorsement this soon. the president has sort of occasionally and his administration has occasionally shown tough love toward the teachers around the country and the nea has come out strongly behind the president he saying they are conc
some folk living in arlington, virginia still cleaning up after sunday night's big storm. a slew of trees and power lines knocked down. the wind were estimated between 60 and 70 miles per hour during the storm in arlington. dominion reports about 2400 soft mores without power in northern virginia this morning. >> very interesting now that people are back to work dealing with all that. dealing with all the traffic as well. it will be a busy day. >> today is the big one. >> let's check in with lauren demarco to see how things are on the roads so far. >> good morning, men. how are you? as you talk about the storms we were dealing with, we are still seeing some of the effects. crews on northbound glebe road between 33rd and 36th street. they are working to restore the power cables that fell down during the storm. seeing light volume at this hour. much of our overnight construction did not take place so that is good news. 395 from the beltway across the 14th street bridge into the district, your lanes are open. no problems to report. 95 running well if you are traveling southbound ne
, to the red, white, and blue. in the big apple and elsewhere, the day will end with the usual bursts of color, lighting the night sky-- a once-a-year moment, cherished by millions. but, in some places, this year, the sky will be silent. raging wildfires and dry weather in arizona, new mexico, and texas have forced authorities to cancel fourth of july fireworks in certain areas. >> a lot of people are going to be really disappointed, i thinkç >> woodruff: the patriotic spirit isn't felt only in the united states. these u.s. soldiers stationed in southeastern afghanistan held a flag raising ceremony to commemorate the 4th. and at kandahar airfield general david petraeus spent his last independence day as commander of u.s. and nato forces in afghanistan, with the troops. petraeus set to take up his new job as c.i.a. director later this year, today administered the oath of re-enlistment to 235 service members.çç >> you can really feel the honor, especially when you get a general like general petreas come down and do it for us. it makes it really feel a lot more important to me. it'll be nice
's a big deal for the country and the guys behind you. i saw an opportunity to do a little bit more. >> reporter: he's from dalton, georgia. a father of a 2-year-old boy. on this day, a tip comes in. jones and his team prepare for a tough day. >> bad day is coming out andnd doing our jobs and something going on. >> reporter: there are no big bomb suits. they prepare to detonate the ied. there's an achingly long silence, an then -- the blast rings in our ears. we walk to the crater. a local resident says there are three more this the area. >> get them out of here. >> reporter: hearts pounding, we follow our own footsteps across the canal. >> it is a good day. >> reporter: after we leave, joneneupdates our team with facebook messages. >> we have worked more ieds than any marine team in the country since march. shortly after y'all left, things got pretty hairy. we spent a few days fighting a lot and ieds became more complex. >> reporter: things were about the get immeasurably worse. they're sent out on a routine mission. defuse bombs in five days. jones takes a wrong step, triggering t
. >> you know, there's a big question that i have here about trading partners. we were looking at the evolution of countries and populations over the next 40 years. a new report says that in 40 years out, india is going to become -- push united states out of the number two spot and become the second largest. >> that's right. china's set to be the biggest trader by 2015. india is to take over the united states by 2015 as number two. this is a huge surprise. what's behind india's rise? >> they'll benefit from the rise in trade between emerging markets. between the brick economies and they're creating new winners and that will include india. >> very interesting. the report from the u.s. census population that it will become the most populous country. >>> take a look at this video. it's a little creepy. it's a dentist robot. a lifelike patient that dentist in training train on in japan. the robot -- look at this. it's creepy. it can sneeze, move her head. cough a little bit. the dentist can get actual training without actually hurting anyone. i'm probably a little -- i'm happier th
. the danville fourth of july parade is such a big to-do that many locals set up chairs the night before. some people say the prime viewing spots have been passed down from generation to generation. >>> tough economic times are throwing a bucket of water in a lot of local fireworks shows. redwood city is among those that have canceled their firework displays. but one of the hardest hit cities in the bay area will be lighting up the night sky tonight. >> reporter: downtown valeo was awash in red, white and blue tradition this morning. residents lined sonoma boulevard for a good old fashioned fourth of july parade. at the same time, another holiday tradition nearly went up in smoke. >> three years ago we didn't have fireworks at all. and you don't realize how important something is or someone is until they're gone. >> reporter: if there's one thing a cash strapped city like valeo can't afford, it's a fireworks show. >> we emptied that out yesterday. >> reporter: rather than let the firework tradition die out like a burnt sparkler, business owners launched a campaign to raise the money themselves
it has not yet determined the cause of the spill. >>> big role in the 2012 elections the commanders in the forces in afghanistan as he prepares to take on a new challenge. [ female announcer ] now at red lobster a complete four course seafood feast for $15. start with soup then have salad and biscuits followed by 1 of 7 delicious entrees and finish with something sweet all for just $15. right now at red lobster. >> fox news has learned a member of an al qaeda linked group has flown to new york today as after being interrogated for a few months. he was questioned by military personnel and was said to have provided useful intelligence. he was already charged in court. city council building north of baghdad left at least 356 people dead. the assault began with ka car bomb. it was followed by a roadside blast. a series of attacks as the iraqi government decides whether to keep some troops in iraq past the end of the year withdraw deadline. they postponed to give president obama limited authority against libya. britain's defense secretary says rebel forces to enter any time soon. it is a
alternatives, right? wind, solar, algae. >> i think it's got to work on a big scale. and i think it's got to be affordable. >> so, where are they? >> it has to work in the real world. at chevron, we're investing millions in solar and biofuel technology to make it work. >> we've got to get on this now. >> right now. the william and flora hewlett foundation, working to solve social and environmental problems at home and around the world. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: twin bombings shattered the calm in a city north of baghdad today. more than three dozen iraqis were killed, with 50 or more wounded. it was the latest sign of rising violence as u.s. troops prepare to withdraw. the charred remains of a car bomb littered a street in the city of taji this afternoon. it blew up in the parking lot of a local government building, damaging nearby businesses and killing dozens of people. as ambulanc
saying, only a long-term option here? >> the president believes that we have to think big and act big, because as i mentioned before, there have been events and decisions that have led us to this point and they include the terrible recession, the worst since the great depression we went through. the fact that because congress wouldn't act, he apointed the commission and they delivered a report. we have the outside report. and we have the president's framework he put forward and the republican budget that passed the house, all of which describe a problem and a solution in generally the same terms. the big exception is three to one, they propose solutions that demand a balanced approach which the president supports. this is not the kind of situation that comes around very frequently and the president believes that it is worth the inevitable political difficulty making tough choices creates to get this done for the american people, for the american economy. so he does not share the view, does not believe it is wise to pursue a short-term solution that essentially would be kicking the can
in a very big and vital state of new york. >> most importantly, one, the white house says it's not true and secondly, biden himself, he's been the target of getting off a ticket since january of 2009. when hillary clinton was going to take it over and that would be the smart thing to do politically. as much as people might have strong feelings about vice president biden, i think that for president obama, he's been a good vice president. he marches his soldiers on. he does the bidding. and he -- i think there's no reason for it to change but also this, while i respect the reporter and i'm sure he's got good sources, i just don't see what changing courses mid stream and getting the governor from new york gets you >> you can tell how much the white house doesn't want to talk about something when they dump it out on a friday. according to the economic council of advisors, they've come out with their seventh quarterly report and what they said is the stimulus, remember, it was going to save us from big -- >> save or create three million jobs. >> it was going to do that. it didn't do that. o
the newspaper, so they have a little bit more freedom in that it's a big dorm style of barracks. >> play rummy. do the cards back and forth. >> everyone gets a card. >> pick it up, down. if you don't want it. >> that's spades, homey. >> that's what i'm saying. >> thought you were talking about rummy. >> playing spades. >> for every six days that you work, you get another extra day of good time and an extra day of work time taken off of your sentence. so for every six days that you're in custody and they are working, it's like eight days as long as they behave. >> gonzales works in the laundry facility. >> where is this one going, sir? >> that's going to surplus. >> i work on the clothes that everyone wears. i sort them and fold them. take them off the truck brand new, yeah, they're all fresh, socks, pants. i get new clothes every day and never dirty, always new. that's what matters. that's what matters. >> did you do the laundry when you were living at home? >> ah, no. my mom would always be doing my laundry. >> gonzales says he has a good relationship with his mother, but she's about to fly i
. there's supposedly meetings between the white house and senate and big game players later this beak. in erms the of a deal we're getting a real date, not necessarily august 2nd, but july 22nd. why? there's a ten-day period needed for the congressional budget office to score any type of compromise as well as you're going to have to sell this compromise to the members. house republicans have been steadfast they don't want any tax increases to consider any type of compromise. speaker boehner needs some time to sell that to his members. >> you're talking about political high ground. you're not talking about the substance. i want to ask you about libya. there is a procedural vote the first step on the kerry-minnesota cane resolution on libya what do you see there? >> it's around 5:30 p.m. today. it really is a procedural vote on the mccain-kerry libya resolution which says for one year the u.s. should allow -- there should be force in libya, u.s. backed force with no ground troops. to one democratic aide said they really don't know how this vote the going to come come out. there is specu
say privately they are -- there is still a big problem with corruption. nato's deployment has peaked. the question now is will the afghans be able to do the job of the british soldiers have been doing as they start to leave? >> that is the question indeed. on the ground, the fighting continues. in washington, three american senators, three -- two democrats and one republican pended op-ed in the "new york times" which called for a more rapid withdrawal of all american combat troops. tom udall is among those arguing the case. thank you for joining me. you criticize president obama for not bringing back american troops fast enough from afghanistan. what would you like him to do? >> the thing we have to realize is the thing we went in with objectives. those objectives were displacing a government that was harboring terrorists. terrorist camps, al qaeda was hooked up with them, and osama bin laden was in the region. now we have an elected government, we have completely changed the landscape, we have trained approximately 400,000 afghans in terms of army and police. al qaeda is decreased t
sniping on a mission that we joined. there is still a big problem with corruption. the question now, will the afghans be able to do the job the british soldiers have been doing as they start to leave? >> for more on these challenges and calls for an even quicker drawdown of u.s. troops, i spoke earlier with a former adviser to the u.s. military in afghanistan. so, seth, have david cameron asking the taliban to stop fighting, put down their weapons, join the political process. what do you think the chances are that might happen? >> there are elements of the taliban and other insurgent groups that are willing to talk about this option. they have been fighting for three decades in afghanistan. people are tired. i think right now what we're seeing is some elements willing, some elements unwilling. based on the fact that many of them believe they are winning right now, that the u.s. and other allies are leaving, i think it is unlikely that they will cut a deal now. not wait it out -- why not wait it out? >> to what extent is the taliban looking at things like this letter-signing, seeing
. but maybe other things. >> maybe other things. right now, no big deals because most construction has been delayed to allow people to get back to work easily today. the beltway is looking great. let's zoom into 270. take a live look if you're planning to head in, all the way down toward the beltway in rockville, you'll be fine. this time, zoom into the other side of town to the outer loop and take a live look as well. bit of volume at university boulevard coming around from 95 and college park. you're good to go as you head over to 270 this morning. now, a look at the travel times. if you're planning to head in on 66, 7100 to the beltway, toll road from hunter mill, only six minutes. beltway is looking good as you head up to the toll road, 13 minutes from 395. we'll take another look around town at 6:12. back to you guys. >>> thank you, monika. at the top of the hour, let's get to some of the stories happening today. first lady michelle obama will be at tonight's nationals game. she'll join military families as they're honored. a child of a military family will throw out the first pitch. >
good! you've lost some weight. thanks! you noticed! you know these clothes are too big now, so i'm donating them. nogoing back the again. good for you! how'd you do i eating right, whole grain. whole grain? whole grain. [ female announcer ] people who choose more whole grain tend to weigh less than those who don't... multigrain cheerios has five whole grains and 110 lightly sweetened calories per serving... more grains. less you! multigrain cheerios. shows your pet you care by unleashing a complete killing force against fleas and ticks. and not just adult fleas. what makes frontline plus complete is that it breaks the flea life cycle killing adults, eggs and larvae. and it keeps killing fleas and ticks all month long. that's why it's the #1 choice of vets for their pets, and yours. unleash a complete killing force in every dose of frontline plus. sf. >> sky 7 hd live over this fire in berkeley right now. you can see that the roof is fully engulfed in flames and firefighters have done a great job of battling these flames here at alcatraz avenue. king street. again we'll keep yo
of the big items on their to do list is a deal to cut the budget deficit and raise the federal debt limit. joining us is senior white house correspondent bill plante. what is the latest on the negotiations? >> reporter: they are deadlocked. still, no further schedule of talks between the white house and coning. republicans remain opposed to any kind of new taxes. and democrats are just as adamant that there has to be some kind of new revenue. congress has raise the debt ceiling 102 times since it was first instituted in 1917. and ten times in the last decade. but never before have the stakes been so high where democrats and republicans so unwilling to budge. norm is a longtime student of congress. >> normally, what you see in these negotiations is tough stances but at least some willingness to go, not halfway, but a quarter of the way where the other side is. >> reporter: in 1983, republican president ronald regulariagan supported a rise. he wrote. nor have democrats always been in favor of raising the limit. in 2006, then senator barack obama voted against an increase, a voed he later ad
health centers that will determine it for the long-term the factors that will do with big diseases under two prevent them and teacher than. now, we have noted with the prime minister and we worked all weekend on this, that different choices that we did following an independent jury, forgot cancer, or didn't deal with cancer. that was the rule. you go for excellence, you go for international juries. we cannot change the decision of these juries, otherwise what use would that be? i mean, the selection process has to be respected. but we thought that it was impossible not to have hospital institutes dealing with cancer. and so we have asked others, seeing the second stage of the cancer plan and what the national institute for cancer is doing to make proposal on the specific question of cancer. in order to have a dedicated university hospital center. at the beginning of july, we're going to announce the first selection of these excellence initiatives, 7.7 billion euros. the winners will be the beginning of the major sites for french scientific research, not all universities will be part and
" continues for this holiday, a big week ahead for america's space program. the final shuttle launch scheduled for friday, and now nasa scientists are taking a new look back in time. >>> later, from great loss, great love. a family with many reasons to celebrate this fourth of july. ♪ >>> the scene in phoenix, arizona on this july 4th holiday as nasa prepares for the final shuttle launch on friday, it's taking its scientific pursuits to new heights. scientists can peer back in time to the creation of the universe. here with an exclusive sneak peek is nbc's tom costello. >> reporter: just after dusk in palmdale, california, onboard a modified 747, nasa's newest, most advanced infrared telescope is taking to the skies for an all-night mission of discovery. >> nasa 747. >> reporter: it's called s.o.f.i.a. flying near the stratosphere two massive doors open up. they're over 99% of the earth case dust and water vapors. it should provide crystal clear infrared views like scientists have never had before of nebulas, planets, stars and comets formed billions of light years ago but only visible to th
and the world. but republicans say they will only raise the debt limit if the government makes big spending cuts. opposition democrats argue taxes must rise to, especially for the rich, but to rain -- rein in the debt. >> the distance they seem to have to bridge in the short timeframe is pretty significant. a lot of people are concerned, everyone is talking like they are going to get a deal but they definitely have some work to do and someone is going to of to get pretty significantly in the near term. >> so far the political left and right have refused to compromise on their tax and spending ideas. and yet, america of's treasury start -- a debt default by the world's biggest economy is still a worst case scenario. but it is one that is getting closer by the day. bbc news, new york. >> let's move on, because your's efforts to impose an emission charged on the world airlines -- europe's efforts to impose an initial charge of the world airlines. there demanding the plan to be struck down claiming it overstepped its jurisdiction it means all airlines must buy permits to cover carbon emissions regar
have had their phones tapped into. there's a big police investigation going on at the moment. the police, themselves, are under a lot of pressure because politically if they were the ones that said it was just a few isolated incidents. the reason why it's really explosive is because originally the executives at the news of the world claimed that it was just a few bad apples at the newspaper, just a few rogue reporters. now that defense has been unraveling for the last few months. that means people like rebekah brooks, the uk team executive of news corp., she is now right in the firing line because people want to know what she knew about it. >> we will leave it there. thank you very much. aid agencies are warning that people's lives are risk if east africa faces what is being described as its worst drought in decades, possibly a up to six years. and million people in the horn of africa are expected to have food shortages. tens of thousands of been on the move seeking aid in rescue decamped in kenya. one of those agencies has said this is a preventable disaster. i asked the u.n
the discipline of the market place because their size, complexity and interconnectedness made them too big to fail under the resolution processes in place at the time. the expectation of a large financial companies enjoyed the implicit backing of the federal government allow the managers of the company to book short-term profits while ignoring the buildup of tail risk in here in a complex mortgage instruments they held. in the financial market chaos that followed the september 2008 bankruptcy of lehman brothers, the expectation of government support persistent important financial institutions, or sifis, became a really good government assistance to financial institutions took on a variety of forms. a total commitment of almost $14 trillion by the spring of 2009. direct assistance to the largest financial institutions easy to short-term crisis of confidence in the interbank market. and our financial system began to function again. the policymakers fail to effectively attack the root cause of the problem, which was the enormous backload -- backlog of unaffordable and underwater mortgage loan
increases under the pressure of this deadline and if they agree to a big $4 trillion deal large enough that they would be able to agree to those tax increases. the problem for the white house is the clock is ticking and time's running out. >> pelley: nancy, is there anything on the books in terms of meetings with the president and the house and senate leadership? >> there's nothing right now, scott. in fact, all you hear is a lot of heat going back and forth. the president saying congress needs to get to work, republicans saying, "we're working. if you want to meet with us, come on down to capitol hill and meet with us." the senate has canceled its entire fourth of july recess. they were supposed to be gone all this week. instead they're going to be here starting tomorrow, but it's very unclear what they're going to be doing, because the president doesn't actually have any meetings scheduled with the top republican negotiators. >> pelley: of course, on this july 4 it's a day for parades, and we saw a lot of presidential candidates in parades today. there was mitt romney in new hampshir
Search Results 0 to 44 of about 45 (some duplicates have been removed)